Bill Status of HB0416 95th General Assembly
Short Description: USE & OCC TAXES-MANUFACTURING
Rep. Robert F. Flider - Fred Crespo - Robert W. Pritchard - Dennis M. Reboletti - Ruth Munson, Kathleen A. Ryg, Naomi D. Jakobsson, Lisa M. Dugan, Brandon W. Phelps, Elaine Nekritz, Jack D. Franks, Linda Chapa LaVia, Ed Sullivan, Jr. and Michael Tryon
| 1/13/2009||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that the manufacturing and assembling machinery and equipment exemption also includes production related tangible personal property. Defines "production related tangible personal property" as all tangible personal property used or consumed by the purchaser in a manufacturing facility in which a manufacturing process takes place, including tangible personal property purchased for incorporation into real estate within a manufacturing facility and including, but not limited to, tangible personal property used or consumed in activities such as research and development, preproduction material handling, receiving, quality control, inventory control, storage, staging, and packaging for shipping and transportation purposes. Provides that "production related tangible personal property" does not include (i) tangible personal property used, within or without a manufacturing facility, in sales, purchasing, accounting, fiscal management, marketing, personnel recruitment or selection, or landscaping or (ii) tangible personal property required to be titled or registered with a department, agency, or unit of federal, state, or local government. Effective immediately.